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Below is an Interesting article I found, which says that.....Do not |1 Y, h2 b9 C' ]+ h
expect much from Crude Oil producers and future is not with the j! K, \* x! h
companies producing Jet fuels but Biofuels. Also no wonder if some of
- K7 k# A. F- C; b* u- |3 E; { M, @7 Xthese oil producer will go bankrupt or out of the business even if ! t7 R* r# q8 u; _- L2 e: A* ]
crude prices improves. This implies also to good names such as Shell,
1 i: p; O8 A4 M8 h' C wEXXON, BG, BP, Cheveron ....xyz.. oils $ s) L; T; E1 h }
2 z& ?; k. G3 Q1 ?2 G* C. f. j7 FRecently OPEC reduced crude oil production twice over just a few
+ C6 v# \$ y( O6 g% wmonths. There are three wars going on in Gaza, Iraq and Afghandistan.
5 [+ t7 t( J# _# O' GA year ago these things would have spiked the price of crude oil by at
8 F7 f& v, i6 } q, C* i3 x. Tleast $50.00 per barrel. Today, oil price declined by a record amount.
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There are several reasons the price of oil is decreasing in the face % v( v$ Y. ^1 e' I& N) I0 O$ s1 r$ L
of so much news. These reasons are: / ]" b5 N) c- l
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! E2 ^" K+ W; V, K1. New oil has been found in Canada, Montana, North & South Dakota and
( ?' S8 S, K3 t9 }" x+ Pin the ocean near Brazil. Each of these oil fields has more oil than
! s, T$ X. r( |# S! Z5 nArabia.
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2. New natural gas has been found in Pennsylvania and West Virginia. : M1 z6 N, K4 [! S4 f: ~ `
This is the largest find in North America.
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- W. Y9 p* d6 F3. New methods of injecting CO2 and surfactants into oil wells is 6 m1 A& q0 Z* y0 |
being used to double their output.
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- V5 c. h6 I! ?4. Production of bio-fuels is beginning to reach critical mass. Bio
) |4 f' z8 B! x! cfuel is being produced from many plants and algae. The production , U1 g4 B6 A" M! B: W
potential per acre in some cases is astounding. Many countries are 3 w% |% r$ d, d. D% X
racing to produce bio fuels. 2 Q" u$ T0 z5 n
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5. Virtually every restaurant in the US and all food processing plants 8 D3 v! G; _2 {1 b4 K4 ]7 T; h/ h0 I* C
are now selling their used oil to bio-diesel producers. Every pork,
) `# E4 u6 {! q# d3 @9 A- I: y" kcattle, turkey and chicken processing plant will soon sell their fat 3 d; k" m( |* E6 G) f2 a3 W
to bio-diesel producers. One pork processing plant in Oklahoma is
# x+ ]' O3 x/ J7 |producing 30,000 gallons of bio-diesel per day from pork fat. 2 ?1 F6 z7 K5 i3 } S
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6. There are 99 nuclear reactors in various stages of planning and
, ?6 o( y) o6 wconstruction around the world at this time. Several hundred more are
; e- z& z: N% T4 f/ O V: b, Wexpected to be built in the future. Much of the energy they produce 7 k0 s }6 R, v. i/ t" N
will replace oil. 7 `) A2 T+ a% Y# I
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( c7 | ~9 e& ^/ d& r3 J7. Every company in any form of transportaion business is replacing
. m" C! f2 q: `6 i# Q J1 w: n$ h1 Volder equipment such as trucks, airplanes, train engines, ships, etc.
+ F& ^6 r9 Z6 Y9 d+ Xwith new more fuel efficient equipment. Airlines and railway companies ) v b- p, g0 u8 V& Y
are experiencing 20% to 25% better fuel econony with the new
% J+ p* f7 B8 n+ k/ f7 Xequipment.
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Airlines are flying airplanes with bio-fuel. They are finding the bio- # k! w2 o+ X$ \. d- x; R& X
fuel is cleaner and performs better than jet fuel. / n' [4 S) h# t" E. O
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8. Cities and counties throughout the US are selling the rights to - }* k2 _1 j/ M+ \+ C9 ]- [
capture methane gas from landfills. This is a huge source of gas
! Q ` f; ~! Q$ T* @available at very little cost or risk. The gas is displacing crude ) X- L( K/ X# j# K$ }1 R9 D9 {+ W, U
oil. / P: A8 B( o! X; _3 \4 W
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9. Coal is being transformed into a clean burning liquid fuel. The CO2 . v$ q! t7 ~1 u* o
produced as a byproduct is sold to oil companies for injection into ) _* ~; v4 ~/ ]2 J
oil wells.
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10. Solar, wind and ocean energy is displacing oil as an energy
; ^/ U! `6 E; E+ e4 ~8 Asource. Three new wind turbines are being erected every day in the US. - I$ O, K1 j- e9 O* G& U2 `
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Each of the above by itself will not make a large difference in the
+ s* }4 I; H: m I! d9 xprice of crude oil but the sum of all of them together is world $ s& E" q3 K3 \% X3 g" H* h
changing. The important thing is that OPEC no longer has the ability
' y/ n( L, L7 E4 x6 N$ o* O# Gto control oil prices. ; e) Q1 G& K( @3 C
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With the above scenario, I still believe that there are under
% v/ ^9 A9 y$ ~( Kperformed OIL companies and probably they are yet to get the justified
$ H6 Z" N4 O, i; }value .....
& V0 T! A8 F0 H/ Q+ X6 Z7 w( mIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... ; {. H( k3 B+ G8 @ f- x4 q! p
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The above articles are from WSJ .............PUBLISHED ON 9TH JAN
" |* q) h; \, B$ n& W4 w( t2009 ... FYI-Only |
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发表于 2009-1-13 18:58
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